Crypto Mining Spews Pollution, Not Wealth, into Rural Communities
The industry says it offers jobs and uses clean energy. Critics say mining creates few local jobs and may keep dirtier power plants online.
Stay updated with breaking news from Lee Bratcher. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The industry says it offers jobs and uses clean energy. Critics say mining creates few local jobs and may keep dirtier power plants online.
Bitcoin mining may not sound like a care-intensive process, but it certainly is an energy-intensive process. The need for a power supply to validate t
(Bloomberg) -- Texas Bitcoin miners, embroiled in a controversy over their energy-intensive operations, are shutting down most of their machines while the state grapples with its power crisis.Most Read from BloombergUS Probes Made-in-China Chip as Tensions Flare Over TechnologyHong Kong to Ease Shutdown After Record Rain Overwhelms CityEverything Apple Plans to Show on Sept. 12: iPhone 15, Watches, AirPodsApple’s 2-Day Slide Nears $200 Billion on China IPhone CurbsBoss of Failed Crypto Exchange
Bitcoin miners in Texas are temporarily powering down their operations amid the state's ongoing energy crisis.
The laws and regulations around cryptocurrency are ever-evolving, as is common with any industry in its nascent stages. But while most of these regulations at the federal level tend to generally...